When you run a business, you’ve got two things on your mind: how you can increase your income and reduce your expenses. It’s easy to neglect outsourcing some services because you think you can’t afford it. It’s just as easy to cut other much-needed services to reduce your expenses. Certain services are worth every penny you pay for them in terms of the time and stress saved and efficiencies gained.
Sometimes cuts are necessary, but keep these services so that your business continues to run smoothly.
Obviously you need a certain amount of insurance just to stay in business — like workers’ compensation. But don’t let one tight quarter convince you to start drastically reducing insurance coverage to save a few dollars. Work with an independent insurance agent who isn’t tied to a specific provider. This way they can shop around and find the best possible rates for all your insurance needs. Truly, in business, having more insurance is the smarter financial decision, not less.
In terms of time saved for you, using a payroll service is certainly a worthwhile expense. But think about all the other benefits. Your employees are always paid on time and efficiently. Payroll taxes are paid on time and at the correct amount — making sure you’re not dealing with surprises later. Working with a payroll service lets you focus on other parts of your business, specifically the things that increase your income. With that extra time and focus, you’ll more than make up for the cost of the service.
If you can justify hiring a full-time accounting employee, great! That’s a sign of a thriving and growing business. But if you’re stuck between outsourcing your accounting needs or staring at accounting software for hours at a time, hire an accounting service to do the job for you. They’re trained professionals who know how to handle accounts receivable and accounts payable. Instead of tracking people down to pay you or worrying about when you’ll find time to pay the bills, you’ll have help. Again, this lets you focus on other parts of your business where you can make more of an impact.
If no one knows your business exists, how will it grow? Many business owners understand the importance of marketing but have no idea how to get it done. Hire a marketing company to help you. They have the contacts to work with advertisers and the skills to make sure your message gets the right kind of attention. And if they do their job well, your business will grow without you having to do all the marketing and advertising yourself.
When it comes to outsourcing your IT department, you’ve got a couple of options. You can move everything to the cloud and work with a cloud computing company to manage your servers, website maintenance, document storage, and more. Your other option is to keep the equipment you have and look for a local provider who will take care of your computers, servers, and other technology either on a regular basis or when you need them. It’s the 21st century. Your computers, cash registers, and other equipment have to work when you need them. An IT support service pays for itself every time they fix a computer or upgrade a system for you.
It doesn’t matter if you’ve got a shop with customers coming in and out all day or you’re in an office that only your employees see. It all needs to be kept clean. Unless you plan on sweeping, mopping, and cleaning toilets — not the best use of your time — it’s one service you don’t want to cancel. A great cleaning service keeps your business looking professional. Yes, your employees should be encouraged to keep their workspaces and common areas clean, but a cleaning service makes your business shine.
Are you looking for help with your payroll and human resources needs? Charlotte Payroll can help. We make sure your employees and taxes get paid and your W-2s are filed so you can focus on building your business and doing the work you enjoy most. Contact us today at 704-887-5511 and let’s talk about what we can do for your company.